As of June 30,2023

Portfolio Snapshot
Total Investment1 $1.3B
Number of Investments1 59
Number of Properties1 177
Geographical Location 18 U.S. States
Proceeds Raised $2.0B

Investment Type Number of Investments1 Number of Properties1 Amount1
Equity | Direct Investments 56 56 $ 1.2B
Equity | Unconsolidated Investments 32 121 $128.2MM

Investment Type: Equity | Direct Investments

Number of Investments: 56
Number of Properties: 56
Amount $ 1.2B


Investment Type: Equity | Unconsolidated Investments

Number of Investments: 32
Number of Properties: 121
Amount $128.2MM


Facility Type

Geographic Location

Equity | Direct Investments
Investment # of Properties1DateFacility

Equity | Direct Investments

Winterfell 32May 2015/
Mar 2016
ILF12 States$723.2MM
Rochester4 10Aug 2017ILF
Rochester, NY$148.7MM
Arbors 4Sep 2014ALFLong Island, NY$103.9MM
Avamere 5Feb 2017ILF
Oregon & Washington$93.9MM
Aqua4 4VariousILF
Texas & Ohio$83.1MM
Oak Cottage 1Feb 2017MCFSanta Barbara, CA$18.6MM
Equity | Unconsolidated Investments
Investment Joint Venture Partner(s)# of
Type 3

Equity | Unconsolidated Investments

Trilogy5 American Healthcare REIT, Inc.98Dec 2015Integrated Senior Health Campuses4 States23.2%$124.8MM
Espresso Formation Capital & Safanad23Jul 2015Integrated Senior Health Campuses, ALFOhio & Michigan36.7%$3.1MM

ALF: Assisted Living | ILF: Independent Living | MCF: Memory Care | Integrated Senior Health Campus: Integrated Campus

Pinebrook | Milford, OH
Oak Cottage | Santa Barbara, CA
Winterfell | South Colleyvine Ranch | Grapevine, TX

NorthStar Healthcare owns the properties pictured. 1) For direct investments, amount represents operating real estate, before accumulated depreciation as presented in our consolidated financial statements as of June 30, 2023. For unconsolidated investments, amount represents the carrying value of our investments in unconsolidated ventures as presented in our consolidated financial statements as of June 30, 2023. 2) Includes investment in Solstice Senior Living, LLC, or Solstice. 3) Classification based on predominant type of services provided at each property, but may include other services. 4) Owned jointly by NorthStar Healthcare and Freshwater for 97% and 3% interests, respectively. 5) Includes institutional pharmacy, therapy businesses and lease purchase buy-out options, which are not subject to property count.